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27314763
27314765

13 Locations

JF
TX 603392
The Franklin Team
The Franklin Team
Listed by The Franklin Team
$825,000
244 days on market
Updated 55 days ago

Paradise Cove

Details
Property Type Mobile Home Park, Multifamily
Sub Type Single Family Rental Portfolio
Units 13
Cap Rate 9.90%
NOI $86,595
Occupancy 100%
Broker Co-Op Yes
Year Built 2000
Stories 1
Investment Type Stabilized
Sale Condition For sale by owner

Rental Portfolio: 13 Manufactured Homes in Paradise Cove

Marketing description

Rare opportunity to acquire a stabilized portfolio of 13 rental properties, each situated on its own individual lot within the Paradise Cove subdivision in Willis, Texas — just minutes from the shores of Lake Conroe. Each property is positioned on fee-simple land and features a manufactured home, making this an attractive asset for investors seeking strong cash flow and minimal management overhead. All homes are currently leased to long-term tenants, offering immediate income generation and the potential for rental growth in one of Montgomery County’s fastest-growing corridors. With proximity to Lake Conroe, nearby retail and recreation, and easy access to I-45 and The Woodlands, this portfolio benefits from a desirable mix of affordability, location, and tenant demand.


Listing Contacts

JF
TX 603392
The Franklin Team
The Franklin Team
Listed by The Franklin Team

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$86,595.00
$7,216.25/mo

Valuation Metrics

0
DSCR
10.5%
Cap Rate
10.5%
ROI

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Additional Information

Name
Jason Franklin
License
603392
Brokerage
The Franklin Team brokered by EXP Realty
Brokerage Phone
281-799-3598
Title
Real Estate Broker
Brokerage Address
12302 West Fernhurst Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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